202.01

Federal Insurance Contributions Act (FICA) Tax Withholding

Applies to: All faculty and staff

  1. Policy

    The University is required to withhold FICA taxes from salaries and wages of all of its employees, except for student employees who are enrolled at U-M at least half-time. In addition, certain PhD students who are enrolled less than half-time, non-resident alien (NRA) employees and employees performing work outside the U.S. may be exempt from FICA tax withholding as detailed below.

301.05

Institute of Gerontology

Applies to:

  1. Policy

    The Institute of Gerontology was established jointly at the University of Michigan and Wayne State University by the Michigan State Legislature in May 1965 to develop new and improved programs for helping older people, to train persons to work in the field of aging, to conduct research related to the needs of older people and to offer community service programs in aging.

501.11

University Investments and Endowment Funds

Applies to: All departments and units of the university

  1. Policy

    The University of Michigan’s investment policies are governed and authorized by University Bylaws and the Board of Regents. The university is subject to the Uniform Prudent Management ofInstitutional Funds Act (UPMIFA) enacted by the State of Michigan in 2009.

    The university maintains centralized management for substantially all of its cash and investments. Individual units of the university are not allowed to invest funds directly.

502.03

Michigan Sales and Use Tax

Applies to: All Departments and Units of the University

  1. Policy

    1. Applicability

      The University of Michigan, as an instrumentality of the State of Michigan, is exempt from the payment of sales and use taxes on purchases of tangible property and applicable rentals. The purchase or rental must be for University consumption or use, and the consideration for these transactions must move from the funds of the University of Michigan.

502.04

Sales of Goods and Services to Non-University Entities and Federal Unrelated Business Taxable Income (UBTI)

Applies to: All University Units

  1. Policy on the Sales of Goods and Services

    As a public institution for the State of Michigan and as a charitable nonprofit organization under Internal Revenue Code (IRC) Section 501(c)(3) certain activities should be reviewed for resulting tax liabilities.

518.01

Payroll Controls

Applies to: All departments and units of the university

  1. Policy

    Each department is responsible for maintaining adequate internal controls for payroll related processes, which include an effective system of monitoring and oversight to ensure the accuracy and validity of its payroll in the following key areas:

519.01

Treasury Services: Banking, Debt Issuance and Credit Card Acceptance

Applies to: All Departments and Units of the University

  1. Overview

    The university maintains centralized management for all its Treasury Services. The Treasurer’s Office has the exclusive authority to manage the university’s banking services, including:

601.01

Freedom of Speech and Artistic Expression

Applies to:

Recent events at the University of Michigan and elsewhere emphasize the pressing need for members of the University community–including administrators, faculty, staff, and students–to reaffirm formally their deep commitment to freedom of speech and artistic expression and to clarify the implications of that commitment. Freedom of speech in this context will be taken to encompass all forms of communication and artistic expression as well as the freedom to listen, watch, protest, or otherwise participate in such communication.